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A partnership agreement provides a bonus of 2 0 percent of partnership income after salaries and the bonus are paid out. If income before allocations

A partnership agreement provides a bonus of 20 percent of partnership income after salaries and the bonus are paid out. If income before allocations is $385,000 and salaries total $220,000, how much is the bonus?
Select one:
a. $27,500
b. $33,000
c. $77,000
d. $44,000

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